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Valvoline Instant Oil Change franchise financing options
Compare costs, fees and where to get financing for a Valvoline Instant Oil Change.
Estimated initial costs
Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Valvoline Instant Oil Change franchise may result in higher or lower fees.
Equipment feesEquipment fees total $3,200,312,500 for Valvoline Instant Oil Change. This costs more than the $180,023 average for the top 200 franchises.
|Operating equipment, excluding inspection and dyno machines||$15,000 to $100,000|
|Lube equipment and signage||$3,000$240,000 to $3,400$270,000|
|Estimated total||$3,000,255,000 to $3,400,370,000|
Real estate feesReal estate will set you back $215,000,059,625 for Valvoline Instant Oil Change, which is more expensive than the average of $788,376 for the top 200 franchises.
|Development fee, per center||$1,250 to $15,000|
|Land and improvements purchased or leased for three months||$1,700,000$36,000 to $2,600,000$55,000|
|Security deposits||$500 to $11,500|
|Estimated total||$170,000,037,750 to $260,000,081,500|
Training feesValvoline Instant Oil Change initial training costs total $7,500, which comes in under the nationwide average of $9,788.
|Training||$5,000 to $10,000|
|Estimated total||$5,000 to $10,000|
Inventory costsInitial inventory for Valvoline Instant Oil Change shakes out to $26,000. This is less than the nationwide average of $53,119.
|Startup supplies||$22,000 to $30,000|
|Estimated total||$22,000 to $30,000|
Marketing costsAdvertisement and marketing costs total up to $8,750 for Valvoline Instant Oil Change, beating out the nationwide average of $9,938.
|Grand opening expenses and advertising||$7,500 to $10,000|
|Estimated total||$7,500 to $10,000|
Licenses and permits costsValvoline Instant Oil Change initial licenses and permits will set you back $30,000. This comes out to more than $18,770 — the overall nationwide average.
|Licenses and permits||Cost|
|License fee||$30,000 to $30,000|
|Estimated total||$30,000 to $30,000|
Other expensesMiscellaneous expenses for Valvoline Instant Oil Change total $57,500 — less than the nationwide average of $69,970.
|Three months' additional funds||$50,000 to $65,000|
|Estimated total||$50,000 to $65,000|
How to financeSince the estimated total for Valvoline Instant Oil Change is on the more costly side, we recommend following these steps to get fully financed:
- Go to the Valvoline Instant Oil Change franchising website and review its financial requirements, including cash-on-hand requirements.
- Reach out to Valvoline Instant Oil Change about in-house financing for franchisees.
- If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $218,200,501,875 estimated opening costs.
- Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
- Once you settle on a lender, gather all required documents, including account statements and assets.
- Apply for financing online or in person as required by the lender.
What types of financing is available?You have several options when it comes to financing a Valvoline Instant Oil Change — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
- Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
- Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Valvoline Instant Oil Change opening costs.
- SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Compare small business lendersYou may not need financing to cover the estimated $173,000,407,250. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How Valvoline Instant Oil Change stacks upCompare how Valvoline Instant Oil Change holds up against two similarly sized franchises.
|Buffalo Wild Wings||Valvoline Instant Oil Change||Budget Blinds|
|Average Franchise fees||$17,500||NA||$119,950|
|Average Equipment fees||$1,060,750||$3,200,312,500||$31,755|
|Average Real estate fees||$1,850,000||$215,000,059,625||NA|
|Average Training fees||$17,500||$7,500||$1,375|
|Average Inventory fees||$15,000||$26,000||NA|
|Average Marketing fees||$12,500||$8,750||NA|
|Average Licenses and permits fees||$252,500||$30,000||$750|
|Average Insurance fees||$27,200||NA||$2,900|
|Average Admin fees||NA||NA||NA|
|Average Personnel fees||$7,500||NA||NA|
|Average Other fees||$170,000||$57,500||$33,125|
Bottom lineValvoline Instant Oil Change franchise costs run a total of $218,200,501,875. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.
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